Tiger Brokers brings online crypto trading to Hong Kong

Taiwan’s FSC to Release Cryptocurrency Guidelines for Banks in SeptemberHuang Tien-Mu, Chairman of the Taiwanese Financial Supervisory Commission (FSC), said at the Legislative Yuan that regulatory guidelines for banks concerning cryptocurrencies will be available in September, as reported by local blockchain media Blocktempo.© Pexels/ Timo VolzHuang’s remarks were in response to questions from Legislator Lee Guei-min about crypto-related issues.Legislator’s three concernsLee raised three concerns: the accessibility of DBS Digital Exchange, currently operating in Singapore, for Taiwanese users; whether traditional banks should be permitted to provide crypto trading platforms; and investor protection against exchange collapses like the one experienced by FTX.FSC Chairman’s answersHuang stated that the FSC has not received any requests related to DBS Digital Exchange. He mentioned the commission’s concerns about the intrinsic value of cryptocurrencies and their ongoing work on regulatory guidelines, set for release in September. Huang also highlighted the importance of financial authorities overseeing crypto trading platforms, citing FTX Japan as an example, where users are protected under Japanese regulations.To safeguard investors from potential collapses, Huang suggested separating assets between hot and cold wallets. Furthermore, he noted that the FSC is not considering allowing the 27 crypto trading platforms registered with the commission to be listed on Taiwanese stock exchanges.

Incheon City Surveying Residents for Blockchain-Based Public ServicesIncheon Metropolitan City is surveying its residents to gather their opinions on the prospect of transforming the city into a thriving blockchain hub, according to a press release.The survey comprises 14 questions, delving into various aspects such as individuals’ experiences with public services, their perspectives on blockchain technology, and their specific needs pertaining to blockchain-based urban services.Photo by Lei Jiang on UnsplashUnderstanding the publicThe objective of this survey, which began yesterday and will run until June 30, is to discern the public’s preferences and requirements concerning blockchain-based services. As an incentive for participation, 100 lucky respondents will have the opportunity to win coffee shop gift cards. The outcomes of this survey are anticipated to play a pivotal role in shaping the city’s four-year plan for establishing a blockchain hub, with an estimated cost of 14 billion KRW ($10.8 million).Other promotion effortsIncheon has been taking a range of blockchain promotion initiatives, including dedicated educational programs and international conferences. Recently, the city hosted Incheon Metanomics 2023, an event that featured distinguished speakers from renowned companies such as global crypto exchange Binance, online game platform Roblox, and chip manufacturer AMD.Furthermore, Incheon Metropolitan City is collaborating closely with Incheon Technopark (ITP) to offer tailored support programs specifically catering to blockchain startups. These initiatives encompass funding for technology development as well as accelerator programs, all aimed at nurturing the growth and success of emerging blockchain ventures.Son Hye-young, the head of the city’s data industry division, underlined the growing importance of blockchain technology in shaping the future economy and the overall industrial ecosystem. Incheon is dedicated to fostering a business-friendly environment where its residents can tangibly experience the benefits of technological advancements firsthand.

The global crypto trading platform Crypto.com has signed a memorandum of understanding with AI fashion-tech firm Altava Group, Korean media outlet Digital Daily reported. According to the press, the signing ceremony took place on Wednesday at the office of Crypto.com Korea, attended by Andrew Junhoe Ku, CEO of Altava Group and Eric Anziani, COO of Crypto.com. Photo by freestocks on UnsplashAs the initial step of the partnership, they aim to integrate Crypto.com’s NFT marketplace and payment solutions with Altava Group’s digital fashion services. Altava Group provides innovative virtual fashion experiences to major fashion brands worldwide, including LVMH, Balmain and Bulgari. By leveraging Altava Group’s network, Crypto.com plans to lay the groundwork for innovation in the digital fashion industry, with various joint promotional events with Altava Group in store.  Fashion-tech meets crypto payment“We are excited to partner with Altava Group, a leader in the digital fashion sector. We hope to leverage our technology and expertise for the growth and advancement of the global digital fashion market – an area in which we see great potential,” said Anziani. Ku also expressed his excitement about the partnership and the integration of crypto payment solutions, saying “We are extremely pleased to explore Crypto.com Pay through the partnership with Crypto.com, a global virtual asset leader with over 80 million users. We expect the addition of cryptocurrency as a payment option to help lower entry barriers for fashion brands and creators, and further strengthen the foundation for the digital fashion ecosystem.”